Holiday homes an option But…

Holiday homes an option But…

By Mahmoud Elburai Dubai opened up its holiday homes market to welcome Expo visitors in 2020. Private homeowners can apply for a holiday home permit and start leasing their properties directly but also holiday homes operators can do so on behalf of owners. Currently 2% of Dubai properties are listed on Airbnb, which is higher than an...

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Tips for choosing the right mortgage lender and product

Tips for choosing the right mortgage lender and product

Coauthored with Henri Bacha  Chief Commercial Officer Abu Dhabi Finance PJSC 1.Buying cash to ‘avoid’ paying interest/profit Firstly, unless you’re cash-rich (which most people in the current market aren’t), you’ll need to finance at least part of your property purchase. Yes, there is a cost associated with mortgaging a property (just as there is with...

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How do we choose the real estate developer?

How do we choose the real estate developer?

‘How do we choose the right real estate developer and project to invest in if it is off plan?’ is a repeated question from potential investors. I suggest the following simple criteria to be followed: 1. Quality and reputation: Investors should not be tricked by awards won by developers or projects as many of these...

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How Dubai can solve its lack of affordable housing

How Dubai can solve its lack of affordable housing

A lack of affordable housing in Dubai is a key barrier to the city achieving its sustainable development objectives and happiness agenda, as well as its vision of being a smart city. Its diversification strategies have built a competitive economy independent of oil, growing the city’s GDP from $11 billion in 1995 to $105 billion in 2016. Over the same period, Dubai's population increased from 690,000 to 2.5 million, of which 91% are expatriates.

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How should we regulate the real estate industry?

How should we regulate the real estate industry?

In places like Dubai, where real estate accounts for 20% of GDP (compared to an average of 7% in most other countries), governments need to reconsider regulation of the real estate sector. This is necessary in order to ensure that the sector continues to be healthy, transparent, professional and anti-fragile, while keeping the whole economy in balance.

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What makes a city liveable?

What makes a city liveable?

Happy cities, quite simply, mean happy people. In order to ensure a happy and sustainable future, governments and developers must introduce a user-centred approach to urbanisation, says Mahmoud Alburai, vice-president of the International Real Estate Federation of Arab Countries and a senior advisor with the Government of Dubai. Alburai recently visited Amaravati in Andhra Pradesh, India, for the 2019 Happy Cities Summit. He says the greenfield city is set to become one of the most sustainable and one of the three happiest cities worldwide.

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